Foreword Bill Lee ix Acknowledgments xi About the Author xiii Introduction 1 CHAPTER 1 The Economic Machine: Why Being Balanced Is So Important Today 5 CHAPTER 2 Your Portfolio Is Not Well Balanced 19 CHAPTER 3 The Fundamental Drivers of Asset Class Returns 29 CHAPTER 4 Viewing Stocks through a Balanced Portfolio Lens 49 CHAPTER 5 The High Value of Low-Yielding Treasuries within the Balanced Portfolio Framework 69 CHAPTER 6 Why TIPS Are Critical to Maintaining Balance (Despite Their Low Yield) 89 CHAPTER 7 Owning Commodities in a Balanced Portfolio 101 CHAPTER 8 Even More Balance: Introduction to Other Asset Classes 115 CHAPTER 9 How to Build a Balanced Portfolio: Conceptual Framework 127 CHAPTER 10 How to Build a Balanced Portfolio: The Step-by-Step Process 143 CHAPTER 11 The Balanced Portfolio: Historical Returns 155 CHAPTER 12 Implementation Strategies: Putting Theory into Practice 181 CHAPTER 13 Conclusion 195 About the Website 197 Index 199
ALEX SHAHIDI is a leading investment consultant managingmulti-billion dollar portfolios. He focuses on advising largepension funds, foundations, endowments, and ultra-high-net-worthfamilies, and is responsible for managing over $13 billion inassets. Alex is a Chartered Financial Analyst Charterholder,Certified Investment Management Analyst, and a Certified FinancialPlanner. Since 2008, he has consistently been recognized as one ofthe top financial advisors in the country by national publicationssuch as Barron's, Worth, and On Wall Street.His comments about asset allocation have been referenced in theWall Street Journal, MarketWatch, Money News,and Advisor Perspectives.